Eros International (EROS) Set to Announce Earnings on Thursday
Eros International (NYSE:EROS) is set to post its quarterly earnings results before the market opens on Thursday, November 15th. Analysts expect Eros International to post earnings of $0.04 per share for the quarter.
Eros International (NYSE:EROS) last issued its earnings results on Thursday, August 23rd. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Eros International had a positive return on equity of 1.31% and a negative net margin of 13.52%. The business had revenue of $60.21 million during the quarter, compared to the consensus estimate of $63.05 million.
Shares of NYSE EROS opened at $10.20 on Wednesday. Eros International has a 52 week low of $8.77 and a 52 week high of $15.00. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $647.87 million, a price-to-earnings ratio of -114.44 and a beta of 0.87.
Several analysts have weighed in on the company. ValuEngine raised Eros International from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Zacks Investment Research raised Eros International from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Finally, Citigroup assumed coverage on Eros International in a report on Tuesday, August 14th. They issued a “buy” rating and a $16.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Eros International currently has an average rating of “Buy” and an average price target of $16.50.
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Eros International Company Profile
Eros International Plc, together with its subsidiaries, co-produces, acquires, and distributes Indian films in various formats worldwide. The company distributes its film content through various distribution channels, including theatrical, which includes multiplex chains and stand-alone theaters; television syndication that comprises satellite television broadcasting, cable television, and terrestrial television; and digital and ancillary, such as Internet protocol television, video on demand, music, inflight entertainment, home video, and Internet channels, as well as Eros Now online entertainment service.
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